Lithuania.

Your targets.
Exceeded.
February 2023
 investlithuania.com
Facts & figures

Population1 2.9M
Labour pool1 1.5M
Unemployment1 6.4%
Area1 65.3K km2

Member of:

Source 1: Statistics Lithuania, 2023

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 investlithuania.com
They speak about us

Lithuania and the Baltic Energy independence

states guarding against boosts Lithuania’s FDI
inflation and boosting appeal
economic growth
Read more Read more

Lithuania looks to build Pon.Bike to open Lithuania makes push to become

robust cybersecurity 600,000 unit assembly Europe’s fintech hub
sector as Russia and facility in Lithuania
China fears rise
Read more Read more Read more

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 investlithuania.com
Top investing countries | 2013-2022
Norway
UK 6% Belarus
11%
9%
Denmark Sweden
USA 6% 7%
Lithuania
20% Germany
9%

Source: Invest Lithuania, 2023

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 investlithuania.com
Top business activities

Top business activities according to jobs

planned | 2013-2022
5%

3%
6% Shared Service Centre

Manufacturing

39% IT Design,
Development & Testing
22%

Business Services

R&D

25%

Other

Source: Invest Lithuania, 2023

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 investlithuania.com
Ease of doing business in Lithuania

out of 180 countries

1st place in EU #31 evaluated

Greenfield FDI Performance Index1 Environmental Performance Index4

#39 out of 141 countries

evaluated #34 out of 180 countries
evaluated

Global Competitiveness Index2 Corruption Perception Index5

#12 out of 165 countries

evaluated #18 out of 190 countries
evaluated

Economic Freedom of the World3 Paying Taxes Ranking6

Source 1: fDi Intelligence, 2021 Source 4: Yale University, 2022

Source 2: World Economic Forum, 2019 Source 5: Transparency International, 2022
Source 3: Fraser Institute, 2022 Source 6: PwC, 2020

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 investlithuania.com
Relocating to Lithuania

For EU citizens
Standard EU procedures apply

For Non-EU citizens

EU Blue Card
A special residence and work permit for highly-skilled non-EU
citizens (and their families). The EU Blue Card:
▪ Allows to start working right after the application is
submitted;
▪ Provides a right to bring family members;
▪ Paves the way for permanent residence status after 5 years.

Additional conditions apply.

Check www.eubluecard.lt for more information.

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What gives
Lithuania the
edge?
▪
▪
Young & talented labour pool
Business friendly environment
1
▪ World-class infrastructure
▪ Perfect living pace
Young & talented
labour pool
 investlithuania.com
Skilled, educated, multilingual talent

2nd place globally

by digital/technological skills availability1

4th place in EU
for percent of 25-34 y.o. population with a
higher education2

52%
speak at least two foreign languages3

85%
proficiency in English among young professionals4

Source 1: IMD World Competitiveness Yearbook 2022 Source 3: Invest Lithuania estimations based on Population Census 2011, 2021
Source: 2: Eurostat, 2021 Source 4: Eurostat, 2016
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 investlithuania.com
Talents for future

Students by study fields in higher

education institutions | 2022-20232
22%
of students are enrolled in Business, administration and law 25%

innovation related programs1 Health and welfare 16%

Social sciences, journalism and
information
15%
Engineering, manufacturing and
construction
10%

21,567 Information and communication

technologies
10%

students are enrolled in finance, Arts and humanities 10%

economics, business Education 4%
administration and similar Natural sciences, mathematics and
4%
programs at universities and in statistics

colleges1 Other programmes 6%

Source 1: Ministry of Education, Science and Sports, 2022-2023 Source 2: Ministry of Education, Science and Sports, 2022-2023

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Co-creating solutions that
have global impact
Danske’s operation in Vilnius
developed Danske MobilePay, an
app that is installed on 90% of
Danish smartphones, and is the
leading mobile payment solution in
the Nordics
Through its own in-house
Scandinavian language academy,
Cognizant can teach employees
with no prior language knowledge to
deliver services to customers in
Norwegian, Danish or Swedish in
only 6 months.
investlithuania.com
Lithuania is the company’s main
mobile technology engineering hub,
where their first product for the
iPhone, followed by the Unity Editor
for Windows and Unity for Android
were developed
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Business friendly
environment
 investlithuania.com
Free Economic zones

Tax incentives in Lithuania‘s

7 Free Economic Zones (FEZ):

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 investlithuania.com
Taxes

Corporate
profit tax 0-15% Salary structure in Lithuania

VAT 21%
Dividends 0-15%
Personal
income tax 20%

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 investlithuania.com
Strong credit ratings

A, with a stable
Fitch
outlook

A2, with a stable

Moody's
outlook
A+, with a
Standard & Poor's
negative outlook
1 - December 2022
2 – April 2022
3 – December 2022

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 investlithuania.com
Green corridor
for large-scale
investors 0% corporate tax Recognition as a Easier access to
for 20 years Project of State land plots
Lithuania has a new Importance
framework of tax incentives
and state support that makes
it quicker and easier for
international businesses to
establish and grow their
large-scale operations in Streamlined Faster decision- Direct communication
Lithuania: migration process for making from public channel with the
employees authorities government

No mandatory Tailored educational and more

environmental and training
assessment programme programmes
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World-class
infrastructure
 investlithuania.com
Digital infrastructure: fast,
reliable and affordable

5th place globally

for communication technology in business1

2nd in CEE
for ICT infrastructure2

2nd
2nd in EU globally in digital / technological
for fixed broadband price3 skills availability
IMD World Competitiveness Yearbook, 2022

Source 1: IMD World Competitiveness Yearbook, 2022

Source 2: EBRD Knowledge Economy Index, 2019
Source 3: Digital Economy and Society Index, 2022

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 investlithuania.com
Logistics: fast connection
infrastructure

Road & Rail

▪ 2nd in CEE for quality of roads1
▪ Direct cargo routes to Western Europe and Asia
Air
▪ 3 International Airports, access to major European
cities within 2-3 hours flight
Sea
▪ Klaipėda State ice-free Seaport
▪ 14.5 m deep port, handling up to 65 million tons of
cargo annually, the largest port in the Baltic States2

Source 1: World Economic Forum, Global Competitiveness Report, 2019

Source 2: www.portofklaipeda.lt Girteka Logistics, 2014. Estimates based on two-driver shared shift model

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 investlithuania.com
Top-notch office space for
the fraction of cost
One of the lowest office rental
prices in the region1

Source: European Office Markets, 2022 Q3, BNP Paribas Real Estate
Yara Lithuania office in Vilnius
Photo courtesy of Yara Lithuania © Darius Petrulaitis
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Work – life balance
 investlithuania.com
Perfect living pace

Work-life balance
Lithuania is rated #11 for work-life
balance in the OECD1

Happy
98% of Vilnius inhabitants are
satisfied with living here (highest
percentage among EU capitals)2

Affordable
Vilnius is one of the six least
expensive EU capitals to live in for
expatriates3

Source 1: OECD, 2020

Source 2: European Commission, 2016
Source 3: Mercer’s 2022 Cost of Living Ranking

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 investlithuania.com
Lithuania is never short
of surprising experiences
In Lithuania, free time comes in all shapes and
sizes. From high-end shopping to haute
cuisine, through to happening gigs and
invigorating outdoor pursuits, there really is
something for everyone.

Soar above Vilnius Old Town in

a hot air balloon

Tame the wind on the frozen Take a dip in one of Lithuania’s Discover Lithuania’s Sahara – the
Curonian lagoon 2500+ lakes of Lithuania dune-ridden Curonian Spit

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Key sectors:
▪
▪
▪
▪
Global Business Services
Manufacturing
Technology
Life Sciences
2
Lithuania –
your top option for

Global Business
Services
 investlithuania.com
Global Business Services

~23 200
professionals employed in the sector1

63%
of centers use 2 or more foreign
languages1

14%
yearly growth of SSC sector1
Vilnius
most dynamically developing
Top 3 city for shared services
centres in CEE
most desired employers are SSCs3
Source: Central and Eastern Europe Shared Services and
Outsourcing Awards, 2022

Source 1: Lithuania’s business services report, 2022, Invest Lithuania

Source 2: cvmarket.lt, 2022

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 investlithuania.com
For companies like us that develop
advanced solutions, Lithuania provides
the perfect mix of exceptional
infrastructure and exceptional talent.
Arminta Saladžienė
— Head of Nasdaq Baltic

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 investlithuania.com
Global Business Services Presence in Lithuania

Global Business Service Center Global Operations Center

F&A, IT, Cyber security, RPA, HR, Compliance, Legal, F&A, RPA, HR, IT, Customer ops, Procurement,
Functions: Functions:
Customer Ops, Marketing, Analytics, KYC, AML, SCM Marketing, KYC
Headcount: 4,440 Established: 2012, Vilnius Headcount: 1,550 Established: 2010, Vilnius

Global Business Services Center Center of Excellence

F&A, IT, Supply chain management, RPA, HR, IT, Infrastructure development, F&A, HR, Procurement,
Functions: Functions:
Procurement Engineering, Analytics
Headcount: 374 Established: 2019, Vilnius Headcount: 1,100 Established: 2017, Vilnius

Center of Competence Global Business Services Center

Functions: Analytics, IT, Data Science, Cyber Security Customer ops, IT, Engineering, Analytics, F&A,
Functions:
Procurement
Headcount: 110 Established: 2018, Vilnius
Headcount: 610 Established: 2005, Kaunas

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Lithuania –
your top option for

Manufacturing
 investlithuania.com
Manufacturing

20%
of Lithuania’s GDP is generated by
its manufacturing sector1

63%
of all manufacturing production is
exported2

DE, PL, US, LV, SE

main export destinations1

Source 1: Statistics Lithuania, 2021

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 investlithuania.com
Our efficiency rates in Lithuania are
outstanding. The local team of innovative
engineers and the flexible production line
we’ve put in place have allowed us to
exceed the demands of the constantly
shifting market needs.
Raimundas Petrauskas
— Managing Director at Schmitz Cargobull Baltic

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 investlithuania.com
International Manufacturing Presence in Lithuania

Manufacturing plant Manufacturing plant

Products: Automotive components Products: Iso-thermal trucks, trailers and semi-trailers
Headcount: 720 Headcount: 660
Established: 2017, Kaunas Established: 1999, Panevėžys

Manufacturing plant Manufacturing plant

Products: Automotive electronics Products: Electronic circuit boards
Headcount: 335 Headcount: 658
Established: 2017, Kaunas Established: 1993, Kaunas

Manufacturing, R&D, Engineering Manufacturing

Products: Automotive Sensors & Switches Products: Bicycle Assembly
Headcount: 700 Headcount: Expected 300-500
Established: 2012, Kaunas Established: 2002, Kėdainiai

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Lithuania –
your top option for

Technology
 investlithuania.com
Technology

52,200
ICT professionals employed in Lithuania1

3,100 Lithuania’s consistent focus on

junior developers retrained by private tech education helps to further
academies in 20212 secure its reputation as a highly
attractive location for global tech
business players, such as:
9,000
IT students in the pipeline3

Source 1: Eurostat, 2021

and many others
Source 2: Invest Lithuania’s estimations based on data provided by IT academies, 2023
Source 3: Ministry of Education, Science and Sport, 2022-2023

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 investlithuania.com
As advocates of the ‘can-do’ attitude,
when we first visited Lithuania we were
thoroughly impressed by the creativity,
energy and entrepreneurial spirit of the
people we met. That’s the Wix way, and
so Lithuania seemed like a natural fit for
our company.
Boaz Inbal
— General Manager, Innovation Centers at Wix.com

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 investlithuania.com
International Technology Sector Presence in Lithuania

Development & support unit Technical office

Operations, engineering, compliance and fraud Activity: R&D and QA for Unity engine
Activity:
prevention, customer support
Headcount: 164
Headcount: 258
Established: 2009, Vilnius
Established: 2017, Vilnius

Development office Development office

Activity: R&D center, global support center Activity: Product development, engineering
Headcount: 355 Headcount: 108
Established: 2017, Vilnius Established: 2020, Vilnius

Development unit
Development & support unit Activity: Software design and development

Activity: Software development, QA, Product Design Headcount: 576

Headcount: 238 Established: 2011, Kaunas & 2014, Vilnius

Established: 2020, Vilnius

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Lithuania –
your top option for

Life Sciences
 investlithuania.com
Life Sciences

5% GDP ambition
Strategic goal to generate 5% of
Lithuania’s GDP by Life Sciences industry
by 20302

90%
of all Life Sciences production
is exported1
One of the fastest growing sectors
in the region, with an ambition of
Key sectors becoming the most attractive
Medical Devices, MedTech, European country for the Life
Biopharmaceuticals, Biotechnology Sciences sector by 2030.

Source 1: Statistics Lithuania, 2020

Source2: LBTA, 2023

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 investlithuania.com
Lithuania has an amazing pool of talent
that we access through a strong
university network and close government
partnership. We are incredibly grateful for
that history of collaboration that helped
us to be successful together.
Peter Silvester
— Senior VP and President, Life Sciences Solutions at Thermo
Fisher Scientific

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 investlithuania.com
International Life Sciences Presence in Lithuania

Manufacturing plant / R&D Manufacturing plant

Products: Reagents Products: Medical equipment
Headcount: 1,780 Headcount: 600
Established: 2010, Vilnius Established: 2019, Kaunas

Manufacturing plant Manufacturing plant

Products: Pharmaceutical ingredients Products: Respiratory care products
Headcount: 200 Headcount: 2,240
Established: 2005, Vilnius Established: 1996, Pabradė

Manufacturing plant / R&D Global Business Services

Products: Biologics CDMO Products: Healthcare and pharmacy management solutions
Headcount: 180 Headcount: 150
Established: 2004, Vilnius Established: 2019, Vilnius

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 Active partner throughout your
investment journey
Contact us
Invest Lithuania, the country’s Investment Promotion
Agency, is a one-stop shop that informs, connects and
supports foreign companies in Lithuania, all free of charge.

Choosing the best fit Setting up Ramping up

We save your team time on research and We guide you through all the necessary We help you grow with confidence,
due diligence by doing all the site selection procedures, from registering a company to establish yourself as an employer and
research you need. getting a construction permit or banking become an integral part of our tight-knit
license. business community.
Contact us

info@investlithuania.com
+370 5 262 7438
investlithuania.com